United Bank for Africa (UBA) Plc posted a Q3 Profit After Tax of ₦537.53 billion, signalling strong performance.
Furthermore, Total Assets rose 7.2% to ₦32.492 trillion as the bank focused on disciplined deposit mobilisation.
UBA Robust Profit Growth
In addition, shareholders’ funds surged 25.8% to ₦4.301 trillion, reflecting strong internal capital generation.
Meanwhile, gross earnings grew 3% to ₦2.469 trillion, while net interest income increased 6.2%.
Although Profit Before Tax fell 4.1% to ₦578.59 billion, PAT continued its upward trajectory.
Strategic Strength
CEO Oliver Alawuba highlighted that the results demonstrate UBA’s strength, diversification, and resilience across all markets.
He also emphasised that the bank continues to grow sustainably despite challenging macroeconomic conditions and industry pressures.
Read Also: UBA 9M Profit Rises 2.33% To ₦537.5Bn On Interest Boost
Moreover, the bank strengthened its capital base by completing the final phase of its Rights Issue recapitalisation.
Executive Director Ugo Nwaghodoh noted steady deposit growth, increased investment in earning assets, and rising investor confidence.
Consequently, shareholders’ funds expanded 26% to ₦4.3 trillion, while capital adequacy remains well above regulatory thresholds.
Market Reach And Innovation
UBA serves over 45 million customers across Africa, the UK, USA, France, and the UAE.
With 25,000 employees, the bank leads financial inclusion and delivers innovative banking services worldwide.
